324.33 -0.01 (-0.00%)
After hours: 4:02PM EST
|Bid||325.10 x 1100|
|Ask||325.11 x 1300|
|Day's Range||321.38 - 327.85|
|52 Week Range||160.23 - 327.85|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||25.75|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||3.08 (0.97%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||297.31|
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. Apple has worked in recent years to lessen its dependence on the iPhone, in part through services and smaller electronics. SpaceX has launched yet another batch of 60 Starlink satellites -- its third production batch of the orbital communication spacecraft, and its second batch this year alone.
Apple is set to announce its Q1 2020 earnings on Tuesday, with analysts looking for improvements to sales in China.
The Fed meeting signaled no change in interest rates and slower bond purchases, despite the economic threat posed by the coronavirus. The Dow Jones pared gains.
DOW UPDATE The Dow Jones Industrial Average is climbing Wednesday afternoon with shares of Dow Inc. and Apple Inc. seeing positive gains for the blue-chip average. The Dow (DJIA) was most recently trading 59 points, or 0.
Amazon.com Inc.’s longstanding antitrust issues could take center stage ahead of the presidential election, say Monness Crespi Hardt analysts. Tech companies are increasingly the focus of Trump administration investigations, with the Justice Department and the Federal Trade Commission looking closely at antitrust issues. Perhaps sensing a bigger fight brewing, Amazon (AMZN) , along with Facebook Inc. (FB) and Apple Inc. (AAPL) , ramped up their lobbying to record levels in 2019, with Amazon spending $16.1 million.
DEEP DIVE Remember the China-trade fear and sales decline that caused Apple’s stock to plunge? It might seem like ancient history, but the stock bottomed only a year ago. And now, with Apple’s quarterly numbers backing the huge increase in its stock price, it may be time for its biggest suppliers — and other semiconductor companies — to go along for the ride.
Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China kept a safe-haven bid in gold and the dollar alive. A Chinese government economist said the outbreak could cut China's first quarter growth by one point to 5% or lower as the crisis hits sectors from mining to luxury goods. Investors took in stride the Federal Reserve's first policy meeting of the year as it left interest rates unchanged.
U.S. stocks rose on Wednesday, boosted by Apple, Boeing and General Electric following their quarterly results, though worries about the economic damage of the fast-spreading coronavirus kept gains in check. Stocks showed little reaction to the Federal Reserve's policy statement.
(Bloomberg Opinion) -- China was supposed to be crucial to Apple Inc.’s future. A tech-savvy audience, impressive mobile infrastructure and growing wealth had executives and investors believing the world’s most populous country would drive growth.So far, the data indicate otherwise.The Greater China region — which comprises China, Hong Kong and Taiwan — just posted yet another period of underperformance, contributing little to the iPhone maker’s blowout December quarter.Only Japan posted worse growth in that three-month period, and that’s because the country had just changed regulations on mobile phone contracts that caused what’s likely to be a short-term slump in demand.This poor performance in China is not a one-off; it’s a trend.While the Americas and Europe clearly got a bump from year-end holiday demand, a shopping season that largely doesn’t apply to China, trailing 12-month revenue shows continuing trouble. On that basis, the picture is even worse. While Apple’s Japan business suffered from that regulatory change, its position in Greater China has struggled at the hands of strong local competitors such as Huawei Technologies Co. and Xiaomi Corp.Patriotism and the U.S.-China trade war serve to emphasize to many consumers that domestic offerings are as good as, or better, than what Apple provides. The iPhone was once a solid player in the market, but it now languishes around fifth with a single-digit share of the market.Greater China used to contribute more than a quarter of Apple’s revenue. That figure has fallen closer to 16% on a trailing 12-month basis, the lowest level in more than six years. It has been convenient to believe that a growing market like China would help Apple overcome a slowdown in mature markets and general smartphone upgrade apathy among consumers. But the latest numbers show the country has a long way to go to fulfill that promise.To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Huawei was the market leader with 37% of the market, most of those sold in China according to a report from Strategy Analytics. Samsung has a 36% share.
Apple stock rocketed to a record high on Wednesday as investors cheered the consumer electronics giant's December-quarter report. Strong sales of iPhone 11 handsets lifted its results.
Revenue and profits, disclosed late Tuesday, crushed both the company’s own guidance and Wall Street estimates for the quarter.
The price action off several earnings reports was the primary focus on Wednesday's PreMarket Prep Show. What To Make Of The Rebound Off Monday's Lows? As bad as things looked Monday morning, they could not have looked prettier heading into Wednesday's open. Once again Apple Inc. (NASDAQ: AAPL) did not disappoint with its earnings report.
Fidelity, the largest online brokerage firm, announced today that it is offering fractional shares trading for stocks and ETFs to its 23 million customers. Fractional trading, or what Fidelity calls "dollar based investing," allows customers to buy and sell as little as 0.001 of a share using Fidelity’s mobile app for iOS and Android. Fidelity is among the first of the major online brokers to offer fractional shares, which comes on the heels of a move by Fidelity and its competitors to offer zero trading commissions on stocks and ETFs.
At least 15 brokerages raised their price targets on the company's stock on Wednesday, with D.A. Davidson setting the most bullish price target of $385, well above the stock's current median price target of $325. Sales were boosted by the first full quarter of iPhone 11, which is priced $50 less than its iPhone XR predecessor, said Gene Munster, a longtime Apple watcher and managing partner at Loup Ventures.
Key market indexes held solid gains midday, ahead of the Fed decision, as Apple, McDonald's and Boeing lifted the Dow Jones Industrial Average.
Apple Inc. investors are sending the stock to new highs after the company’s record results, but some analysts appeared divided as to how much further the latest commentary will juice the stock.
U.S. stock indexes edged higher on Wednesday, boosted by gains in Apple, Boeing and General Electric following their results, while investors assessed the economic damage of the fast-spreading coronavirus outbreak. The Federal Reserve is also in focus as it is expected to release its monetary policy statement at 2:00 pm ET.
The iPhone is back. Apple Inc. (NASDAQ: AAPL) posted record revenue on a return to strength in sales of its signature smartphone, returning to profit growth in the first quarter after several quarters of slumping sales that had many wondering whether the iPhone had peaked and Apple might need to focus on selling other services. In addition to iPhone sales, which were up 8% to $56 billion, Apple also reported higher-than-expected subscriptions for its services, including its new streaming service.